Product Code: GVR-3-68038-840-4
Insurance Telematics Market Growth & Trends:
The global insurance telematics market size is expected to reach USD 14.74 billion by 2030, registering a CAGR of 22.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Insurance telematics provide accurate data about driver behavior and vehicle operations, which provides visibility and actionable data for claim processes. Additionally, the device helps in minimizing fraudulent claims and minimizes losses in this area. These factors are expected to boost the growth of the market over the forecast period. In addition, decline in the cost of supporting technologies such as wireless sensor network, GPS, and computer analytics is another factor contributing to the market growth.
Factors such as OpenStreetMap (OSM) project, plug-and-play devices, rising adoption of smartphone, and ability of smartphones to connect with on-board vehicles wirelessly using Bluetooth is further expected to propel the market growth. Advanced generation of telematics devices work effectively with fleets, business processes, and fleet managers. Therefore, it becomes easy for insurers to choose within a broad spectrum of data and feedback sources. Considering the long-term gains in the auto insurance sector, the market encourages mutual partnerships with telematics service providers that helps in eliminating the design and deployment complexities pertaining to IT and analytics services. Furthermore, logistics and support hold equal importance from the implementation perspective that offers high assurance in long-term maintenance.
Europe represents a steady market growth owing to significant presence of the telematics industry in Italy and U.K. Moreover, other regional markets in Europe such as Spain, Austria, France, Switzerland, and Germany have exhibited lucrative growth opportunities and resulted in a considerable market share owing to the growing automotive sector. The Europe market spans independent insurers as well as collaborative insurers that offer incentive programs based on varying degrees. Therefore, the value chain for insurance telematics in Europe beholds notable presence of key players with effective insurance programs to offer to their clients.
Insurance Telematics Market Report Highlights:
- The Pay-how-you-drive (PHYD) segment is anticipated to witness highest growth rate over the forecast period. PHYD insurance policies are behavior based and provide accurate estimation of risk involved in the driving, which will increase its demand in connected cars over the forecast period
- The flexible and scalable infrastructure of cloud-based telematics allows the analysis of large volumes of data generated from multiple sensors installed on vehicles and for handling multiple devices
- The large enterprises segment accounted for largest market share in 2024 in terms of revenue and is expected to maintain its dominance over the forecast period owing to high adoption of smartphones and mobile telematics
- The commercial vehicle segment is expected to emerge as the fastest-growing end use segment over the next six years as the prominent market players are offering exclusive package of telematics services including driver behavior assessment, mobile app for fleet drivers, data feeds, and vehicle enablers for commercial units
- North America held the largest share in 2024 owing to significant presence of technology providers and robust infrastructure for installing the device
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Insurance Telematics Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Insurance Telematics Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Insurance Telematics Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Insurance Telematics Market: Offering Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Insurance Telematics Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Insurance Telematics Market: Type Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Pay-as-you-drive
- 5.3.1. Pay-as-you-drive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Pay-how-you-drive
- 5.4.1. Pay-how-you-drive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Pay-as-you-go
- 5.5.1. Pay-as-you-go Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Insurance Telematics Market: Deployment Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Insurance Telematics Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Cloud
- 6.3.1. Cloud Deployment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. On-premise
- 6.4.1. On-premise Deployment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Insurance Telematics Market: Enterprise Size Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Insurance Telematics Market: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Large Enterprise
- 7.3.1. Large Enterprise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Small & Medium Enterprise
- 7.4.1. Small & Medium Enterprise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Insurance Telematics Market: End Use Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Insurance Telematics Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 8.3. Passenger Vehicle
- 8.3.1. Passenger Vehicle Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Commercial Vehicle
- 8.4.1. Commercial Vehicle Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Insurance Telematics Market: Regional Estimates & Trend Analysis
- 9.1. Insurance Telematics Market Share, By Region, 2024 & 2030 (USD Million)
- 9.2. North America
- 9.2.1. North America Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.3. Saudi Arabia
- 9.6.3.1. Saudi Arabia Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Insurance Telematics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. Agero, Inc.
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Strategic Initiatives
- 10.4.2. Aplicom
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Strategic Initiatives
- 10.4.3. Trak Global Offerings Holdings (Canada), Inc.
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Strategic Initiatives
- 10.4.4. Masternaut Limited
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Strategic Initiatives
- 10.4.5. META SYSTEM S.P.A.
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Strategic Initiatives
- 10.4.6. MiX by Powerfleet
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Strategic Initiatives
- 10.4.7. Octo Group S.p.A
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Strategic Initiatives
- 10.4.8. Bridgestone Mobility Offerings B.V.
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Strategic Initiatives
- 10.4.9. Trimble
- 10.4.9.1. Participant's Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Strategic Initiatives
- 10.4.10. Sierra Wireless S.A.
- 10.4.10.1. Participant's Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Strategic Initiatives